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After the success of its Oscars marketing campaign, Samsung has followed up with a big announcement regarding its next big thing. The South Korean electronics giant on Monday said its upcoming flagship smartphone, the Galaxy S5, will ship with over $500 worth of free apps and services.

Apps and services offered include 3-month subscriptions to premium offerings from LinkedIn and Evernote as well as a 6-month subscription to The Wall Street Journal and a 12-month subscription to Bloomberg Businessweek+. Other apps involved in the bundle, called "Galaxy Gifts," include $10 toward purchases inside the popular Cut the Rope 2 game and 50 GB of online storage from Box for 6 months.

This isn't the first time Samsung has attempted to reward buyers of its smartphones with free apps and services. Last July the company gave away a million digital copies of Jay-Z's Magna Carta album to users of its Galaxy SIII, S4 and Note II smartphones three days before the album's general release. The company also has a similar bundle available for purchasers of its new NotePro tablets.

The news of the apps bundle comes amid growing competition in the smartphone space. Lenovo, the world's largest PC maker, recently agreed to acquire Motorola from Google for $2.91 billion in an attempt to boost its smartphone division while Microsoft is in the process of closing its deal to purchase Nokia. According to several reports, Taiwanese rival HTC is preparing to announce the next version of its flagship phone, the HTC One, on March 25th.

Samsung is hoping that the Galaxy S5 will continue the company's recent streak of Android dominance. The new smartphone, announced last week in Barcelona, boasts a variety of impressive features including a 5.1-inch Full HD display, improved battery life, a water-resistant design, and heart rate and fingerprint sensors.

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